Consumption and Real Estate
Is home equity mortgage interest deductible for home office expenses?
Question : Is home equity mortgage interest deductible for home office expenses?
The money was used to pay off credit cards. I am still paying on the home equity loan. If I do a home office deduction, which I qualify for in every way, can I use the home equity loan interest as a deductible expense?
equity mortgage
Best answer:
Answer by robert w
NOTE ‘Home office “deduction ” ‘ is one of the best ways to have a visit with the IRS (aduit).
more often than not the ‘HOD’ is not worth what u save or loss.
Be careful with that, its not really worth to pursue it. You can get caught and then have problems with IRS.
The amount you talk about is so small, you shouldn’t bother really.